Induction Motor Market Size, Share, Trends, Growth 2032
Induction Motor Market By Type (Single-Phase And Three-Phase) And By Application (Industrial, Commercial, And Residential), And By Region: Global Industry Perspective, Comprehensive Analysis, And Forecast 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 22.19 billion | USD 42.36 billion | 7.45% | 2023 |
Table Of Content
- Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global Induction Motor market, 2016-2025 (USD Billion) (Units)
- 2.2. Global Induction Motor market: snapshot
- Chapter 3. Induction Motor Market - Industry Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Global Induction Motor market drivers: impact analysis
- 3.2.2. Growing demand for energy-efficient motors
- 3.3. Market Restraints
- 3.3.1. Global Induction Motor market restraints: impact analysis
- 3.3.2. High Initial Investment
- 3.4. Opportunities
- 3.4.1. Rising demand for induction motors in the automotive industry
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis, by Type
- 3.6.2. Market attractiveness analysis, by Application
- 3.6.3. Market attractiveness analysis, by Region
- Chapter 4. Global Induction Motor Market - Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Induction Motor market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New launch
- 4.2.3. Agreements, partnerships, collaborations and joint ventures
- 4.2.4. Research and development and regional expansion
- 4.1. Company market share analysis
- Chapter 5. Global Induction Motor Market - Type Analysis
- 5.1. Global Induction Motor market: Type overview
- 5.1.1. Global Induction Motor market revenue & volume share, by Type, 2018 and 2025
- 5.2. Single-phase
- 5.2.1. Global Induction Motor market for Single-phase, 2016-2025 (USD Billion) (Units)
- 5.3. Three-phase
- 5.3.1. Global Induction Motor market for Three-phase, 2016-2025 (USD Billion) (Units)
- 5.1. Global Induction Motor market: Type overview
- Chapter 6. Global Induction Motor Market - Application Analysis
- 6.1. Global Induction Motor market: Application overview
- 6.1.1. Global Induction Motor market revenue & volume share, by Application, 2018 and 2025
- 6.2. Industrial
- 6.2.1. Global Induction Motor market for Industrial, 2016-2025 (USD Billion) (Units)
- 6.3. Commercial
- 6.3.1. Global Induction Motor market for Commercial, 2016-2025 (USD Billion) (Units)
- 6.4. Residential
- 6.4.1. Global Induction Motor market for Residential, 2016-2025 (USD Billion) (Units)
- 6.1. Global Induction Motor market: Application overview
- Chapter 7. Global Induction Motor Market- Regional Analysis
- 7.1. Global Induction Motor market: regional overview
- 7.1.1. Global Induction Motor market revenue & volume share, by region, 2018 and 2025
- 7.2. North America
- 7.2.1. North America Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.2.2. North America Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.2.3. The U.S.
- 7.2.3.1. The U.S. Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.2.3.2. The U.S. Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.3. Europe
- 7.3.1. Europe Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.3.2. Europe Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.3.3. UK
- 7.3.3.1. UK Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.3.3.2. UK Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.3.4. Germany
- 7.3.4.1. Germany Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.3.4.2. Germany Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.3.5. France
- 7.3.5.1. France Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.3.5.2. France Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.4.2. Asia Pacific Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.4.3. China
- 7.4.3.1. China Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.4.3.2. China Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.4.4. Japan
- 7.4.4.1. Japan Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.4.4.2. Japan Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.4.5. India
- 7.4.5.1. India Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.4.5.2. India Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.5. Latin America
- 7.5.1. Latin America Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.5.2. Latin America Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.5.3. Brazil
- 7.5.3.1. Brazil Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.5.3.2. Brazil Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.6. The Middle East and Africa
- 7.6.1. The Middle East and Africa Induction Motor market revenue & volume, by Type, 2016-2025 (USD Billion) (Units)
- 7.6.2. The Middle East and Africa Induction Motor market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
- 7.1. Global Induction Motor market: regional overview
- Chapter 8. Company Profile
- 8.1. Kirloskar Electric Company
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Type portfolio
- 8.1.4. Business strategy
- 8.1.5. Recent developments
- 8.2. Marathon Electric
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Type portfolio
- 8.2.4. Business strategy
- 8.2.5. Recent developments
- 8.3. ABB
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Type portfolio
- 8.3.4. Business strategy
- 8.3.5. Recent developments
- 8.4. Regal Beloit Corporation
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Type portfolio
- 8.4.4. Business strategy
- 8.4.5. Recent developments
- 8.5. Schneider Electric
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Type portfolio
- 8.5.4. Business strategy
- 8.5.5. Recent developments
- 8.6. Emerson Electric Company
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Type portfolio
- 8.6.4. Business strategy
- 8.6.5. Recent developments
- 8.7. Siemens AG
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Type portfolio
- 8.7.4. Business strategy
- 8.7.5. Recent developments
- 8.8. Baldor Electric Company
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Type portfolio
- 8.8.4. Business strategy
- 8.8.5. Recent developments
- 8.1. Kirloskar Electric Company
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Induction Motor market revenue & volume, 2016–2025 (USD Billion) (Units)
4. Porter’s Five Forces Analysis
5. Induction Motor market attractiveness analysis, by Type
6. Induction Motor market attractiveness analysis, by Application
7. Induction Motor market: market attractiveness analysis, by region
8. Company market share analysis, 2018
9. Global Induction Motor market revenue & volume share by Type, 2018 and 2025
10. Global Induction Motor market for Single-phase, 2016–2025 (USD Billion) (Units)
11. Global Induction Motor market for Three-phase, 2016–2025 (USD Billion) (Units)
12. Global Induction Motor market revenue & volume share by Application, 2018 and 2025
13. Global Induction Motor market for Industrial, 2016–2025 (USD Billion) (Units)
14. Global Induction Motor market for Commercial, 2016–2025 (USD Billion) (Units)
15. Global Induction Motor market for Residential, 2016–2025 (USD Billion) (Units)
Table Of Tables
List of Tables
1. Induction Motor market: market snapshot
2. Drivers of global Induction Motor market: impact analysis
3. Restraints of global Induction Motor market: impact analysis
4. North America Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
5. North America Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
6. The U.S. Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
7. The U.S. Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
8. Europe Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
9. Europe Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
10. UK Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
11. UK Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
12. Germany Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
13. Germany Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
14. France Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
15. France Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
16. Asia Pacific Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
17. Asia Pacific Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
18. China Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
19. China Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
20. Japan Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
21. Japan Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
22. India Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
23. India Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
24. Latin America Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
25. Latin America Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
26. Brazil Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
27. Brazil Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
28. The Middle East and Africa Induction Motor market revenue & volume, by Type, 2016–2025 (USD Billion) (Units)
29. The Middle East and Africa Induction Motor market revenue & volume, by Application, 2016–2025 (USD Billion) (Units)
Methodology
FrequentlyAsked Questions
Induction motor is among the commonly used electric motors in today’s time. Induction motors are also known as asynchronous motors, as they run at a speed that is lower than synchronous speed.
The Global induction motor market size accrued earnings worth approximately USD 22.19 Billion in 2023 and is predicted to gain revenue of about USD 42.36 Billion by 2032.
The Global induction motor market is set to record a CAGR of nearly 7.45% over the period from 2024 to 2032.
Some key players of the Global induction motor market are Kirloskar Electric Company, Marathon Electric, ABB, Regal Beloit Corporation, Schneider Electric, Emerson Electric Company, Siemens AG, and Baldor Electric Company.
North America held an extensive share of the Global induction motor market and is expected to continue with its regional authority in the upcoming years as well.
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